Tag Archives: Delinquency Rate

"The slight uptick in economic risk from 2022 Q3 to Q4 was offset by a decrease in borrower and underwriting risk, leading to the overall default risk remaining flat," said Jonathan Glowacki, a principal at Milliman.

According to CoreLogic, foreclosure rates remained near record lows to close out 2022, as healthy employment numbers helped borrowers remain current on their payments.

The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to nearly 4% of all loans outstanding at the end of Q4 of 2022.

After more than a decade of overheated growth, the rapid increase in mortgage rates helped stall progress in the U.S. housing market in 2022.

However, November’s total of starts still trails highs seen in June 2022 and remain well below pre-pandemic levels.

After a recent report found nearly 1.4 million home loans nationwide were in some stage of delinquency, a new MBA report examines how the multifamily side of the housing sector compared during Q3 2022.

Since the start of the GSEs' conservatorship nearly 14 years ago, approximately 40% of their foreclosure prevention actions have resulted in permanent loan modifications.

Nationwide, the overall delinquency rate dropped for the 18th consecutive month on an annual basis, as CoreLogic reports that approximately 1.4 million loans nationwide were in some stage of delinquency.

Black Knight’s first look at month-end data for October 2022 found prepayment activity reaching a new low.

“For the second quarter in a row, the mortgage delinquency rate fell to its lowest level since MBA’s survey began in 1979,” said Marina Walsh, MBA’s VP of Industry Analysis.